Falling real estate market leads Compass managers to lower forecasts and costs; stocks plummet

The shares of Compass Inc. plunged in after-hours trading Monday after the real estate brokerage and technology provider lowered its annual revenue forecast and revealed plans to cut costs as a result of a downturn in the housing market. Compass COMP, -0.43% executives cut their annual sales forecast by about $1.5 billion, with the current … Read more

The Chinese economy is slowing. Tesla, 3M and other stocks that can take a beating.

Font size Tesla generates about a quarter of its sales in China. Patrick T. Fallon/AFP via Getty Images The economic data coming out of China is not great. And that’s not good for US companies that do a lot of business in the country, including 3M , Tesla and many other manufacturers. China had an … Read more

Anthony Albanese Orders Investigation into Scott Morrison’s Secret Service Claims During COVID-19

Prime Minister Anthony Albanese says the government will investigate claims that former Prime Minister Scott Morrison has secretly empowered himself to jointly head the Ministries of Health, Finance and Resources during the COVID-19 pandemic. Most important points: Scott Morrison secretly took joint charge of several portfolios during the COVID-19 pandemic Cabinet ministers were kept in … Read more

Scott Morrison’s secret wallets a ‘sinister’ move, says former Prime Minister Malcolm Turnbull

Former Prime Minister Malcolm Turnbull says he is “surprised” that the governor general was willing to agree to Scott Morrison’s secret appointment to multiple portfolios within his own cabinet. Most important points: Malcolm Turnbull says news of Scott Morrison’s secret wallets is “one of the most appalling things I’ve ever heard in our federal government” … Read more

Weekend layoff solution to improve hospital capacity in South Australia

A senior doctor at Adelaide’s largest hospital says the health system is under “siege” and points to Monday as the busiest day. Most important points: Hospitals in South Australia tend to be busiest on Mondays Discharging patients on weekends is more difficult due to fewer available services Patients who come in for elective surgery on … Read more

The Nasdaq Composite Is Back In A Bull Market

The Nasdaq Composite is officially in a new bull market. The tech-focused index rose 2.9% on Wednesday, reflecting a rise of more than 20% from its mid-June low. It climbed alongside other major indices after softer-than-expected inflation raised hopes that the Federal Reserve could soon moderate the pace of its rate hike campaign.

AMC aims for huge debt burden with special dividend ‘APE’

AMC Entertainment Holdings Inc. surprised Wall Street with the announcement of the special “APE” dividend after the market closed on Thursday. This is, of course, a company that is no stranger to bold moves, as evidenced by the cinema chain’s $27.9 million investment in gold and silver miner Hycroft Mining Holding Corp. HYMC, -5.37% earlier … Read more

Bill passes, allows alternative transportation for the mentally ill

LANSING, Michigan (WLUC) — Senator Ed McBroom’s legislation to allow communities to introduce an alternative means of transporting individuals with severe mental illness for involuntary hospitalization was signed Tuesday by Governor Gretchen Whitmer. “Involuntary mental health transportation is extremely expensive and potentially leaves communities, especially small UP communities, vulnerable for days at a time,” Senator … Read more

Whitehaven Coal Calls Labor Shortages a Challenge — Commodity Comment

Whitehaven Coal Ltd. said Monday that full-year run-of-mine coal production was weaker year on year but at the top end of expectations. The company also said it expects to report its strongest fiscal result ever for the year through June, including earnings before interest, taxes, depreciation and amortization of approximately Australian Dollar 3.0 billion (US$2.0 … Read more

HudsonAlpha hosts virtual roundtable to highlight access to mental health care for minorities

HUNTSVILLE, Ala. (WAFF) – For all of us, maintaining our mental health is a lifelong journey, and the road you take may be different than the next person’s. That’s why Hudson Alpha hosted a roundtable on Thursday to address minority access to mental health wellness programs in Northern Alabama. The roundtable took place virtually and … Read more